Two Harbors Investment Corp reports results for the quarter ended in January 1 - Earnings Summary

Two Harbors Investment

29/10/2024 02:29

* Two Harbors Investment Corp  TWO.N  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended January
1, higher than the same quarter last year, when the company
reported EPS of -1 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 34 cents per share. Wall
Street expected results to range from 16 cents to 47 cents per
share.
    * Revenue fell 14.5% to $-42.29 million from a year ago;
analysts
expected $-34.38 million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was a
loss of $2.42​.
    * The company reported a quarterly loss of $250.27 million.
    * Two Harbors Investment Corp shares had fallen by 7.2% this
quarter and lost 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 31.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Two Harbors
Investment Corp is 15.00 
This summary was machine generated from LSEG data October 29 at
02:29 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.34           0.13           Missed
 Jun. 30 2024      0.32           0.17           Missed
 Mar. 31 2024      0.28           0.05           Missed
 Dec. 31 2023      -0.06          -0.11          Missed